Product Description:

The Home Fitness Equipment consists of machines and devices to help control physical exercise. Physical fitness includes all aspects of life and health that affects our physical, mental and social health. A healthy and fit person can perform general life activities, such as work, but has enough energy and vitality to respond to emergencies and enjoy leisure activities. They will help control our weight, improve fitness, strengthen muscles and solve some medical problems.

Market Overview

The global home fitness equipment market reached almost USD xx billion in 2020 and is expected to reach nearly USD xx billion by 2025, growing with an annual compound rate of approximately 6.2% from 2020 to 2025.

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Recent Developments and Trends

In August 2018, ICON Health & Fitness announced a purchase agreement with VF Corporation for the Altra shoe brand.
In June 2017, Anytime Fitness in the United States announced plans to establish 500 new gyms in China in the coming years.
According to the Sports and Fitness Industry Association (SFIA), sales of fitness products in the United States in 2017 exceeded $ 5.2 billion, of which home fitness equipment accounted for the bulk.
The US Department of Health and Human Services has launched a physical activity initiative to ensure better children's health and improve student performance.
Chesapeake Energy Corp. has developed a 72,000 square foot gym for employees with access to several personal trainers.
Market Drivers 

The global Home Fitness Equipment Market is dominated by product innovations from leading companies that allow a growing population aware of exercise and home workouts around the world. The recent growth observed in the Home Fitness Equipment business is due to the increased health awareness among youth and adult groups. Doctors and governments of countries are continually working to promote the benefits of physical fitness, thus creating health awareness in society. Recently, diabetes, heart disease and cholesterol problems have risen. In addition, obesity in developed countries is a paramount concern. These factors are driving the Home Fitness Equipment Market in developed regions such as North America and Europe. 

Scientific research on the structure of the human body promotes innovation and the development of fitness equipment, improving fitness activities and providing better results. An intense workout is an essential factor in increasing stress among people in the world today. Also, the demand for Home Fitness Equipment has increased due to improved lifestyles and increased spending on exercise activities as a result of economic growth. Companies work with a variety of physical training centers to provide their employees with fitness facilities. Population growth in developing countries is another reason for the rapid growth of the Home Fitness Equipment industry.

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Restraints

However, the high cost of the machinery mainly affects the growth of the global Home Fitness Equipment Market.

Market Segmentation

The Home Fitness Equipment Market is segmented based on the type of equipment and end-user.

By type of equipment, the worldwide Home Fitness Equipment Market is divided into cardiac-respiration equipment, muscle equipment, flexibility equipment, body exercise equipment, etc. In 2018, the cardiac-respiration equipment sector dominated the overall market, with a significant revenue share. During the prognosis period, the muscle equipment sector is expected to grow remarkably as health awareness increases. Improving muscle strength and endurance can help maintain better health.

According to the end-users, the Home Fitness Equipment Market has broken down into hospitals, gyms/health clubs, home care, etc. The gymnastics centers sector has the most extensive participation in this market, where demand is increasing. During the forecast period, the home care sector is likely to create more opportunities as a result of new challenges, such as exercising at home, especially in winter. Also, there are many indoor exercise equipment available for the elderly.

Regional Analysis

The global market has been segmented by North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America home fitness equipment market dominated with a high market share due to personal care costs and increased spending in most gym centers. With greater awareness of a healthy lifestyle and higher disposable income, North America has dominated the global market. 

The Asia-Pacific home fitness equipment market is supposed to grow at a high growth rate during the forecast period, with an emphasis on increasing healthcare costs, increasing the need for qualified gym coaches, improving quality of life and the development of technology for making fitness equipment.

Top Leading Company

Technogym continues to seek the growth of weapons through mergers and acquisitions and joint ventures with other players.

Key Players

Key industry participants in the Home Fitness Equipment Market include Technogym, Brunswick Corporation, Amer Sports (Precor), Cybex International Inc., Nautilus Inc., Johnson Health Tech, Paramount, and Torque.